Sabre Corporation (NASDAQ:SABR) Stock Has Consensus Price Target of $1.75

Sabre Corporation (NASDAQ:SABR) has been given an average rating of “Hold” by the five brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $1.75.

SABR has been the subject of several analyst reports. Weiss Ratings lowered Sabre from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Citigroup reiterated a “buy” rating on shares of Sabre in a research note on Thursday, August 27th.

Institutional Trading of Sabre

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Sabre during the second quarter worth about $114,425,000. Arini Capital Management Ltd bought a new stake in Sabre in the second quarter valued at about $81,719,000. Discerene Group LP increased its holdings in Sabre by 1.5% in the first quarter. Discerene Group LP now owns 39,093,531 shares of the information technology services provider’s stock valued at $56,686,000 after buying an additional 569,711 shares during the last quarter. Ampfield Management L.P. acquired a new stake in Sabre during the first quarter valued at approximately $7,505,000. Finally, Graham Capital Management L.P. bought a new position in Sabre during the 4th quarter worth approximately $6,054,000. 89.42% of the stock is owned by institutional investors and hedge funds.

Sabre Stock Performance

Shares of SABR opened at $2.18 on Monday. The company has a 50-day moving average of $2.08 and a two-hundred day moving average of $1.85. The stock has a market cap of $879.80 million, a P/E ratio of 1.32 and a beta of 1.00. Sabre has a 12-month low of $0.81 and a 12-month high of $2.50.

Sabre (NASDAQ:SABR) last issued its quarterly earnings results on Thursday, August 6th. The information technology services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.13). The firm had revenue of $711.96 million for the quarter, compared to analyst estimates of $697.40 million. As a group, analysts forecast that Sabre will post -0.21 EPS for the current fiscal year.

About Sabre

Sabre Corporation is a travel technology company that provides software, distribution, and data solutions for the global travel industry. Its platform connects airlines, hotels, travel agencies, corporate travel departments, and other travel suppliers, helping them market, sell, and manage travel services.

The company’s products and services include the Sabre Travel Marketplace, a global distribution system that enables travel buyers to search and book air, hotel, car rental, rail, and other travel content.